Other enterprise software stocks also saw strong gains on Thursday, including Salesforce ( CRM), Hubspot ( HUBS) and Snowflake ( SNOW), among others. Oracle ( ORCL) shares gained more than 3% on Thursday, adding to gains seen earlier in the week. Oracle ( ORCL) CTO and founder Larry Ellison said Oracle’s Gen2 Cloud has become "the number one choice for running Generative AI workloads." Last month, Splunk topped first-quarter estimates and guidance for the upcoming period.Įarlier in the week, Oracle ( ORCL) reported fourth-quarter results that beat expectations, aided by strong results in cloud services and license support revenue. What analysts cover Splunk Splunk has been rated. San Francisco-based Splunk ( SPLK) builds software for searching, monitoring, and analyzing machine-generated data. According to analysts, Splunks stock has a predicted upside of 24.03 based on their 12-month price targets. This change lagged the S&P 500s 0.1 gain on the day. EST, more than 2M shares of Splunk ( SPLK ) changed hands, more than the average daily volume of just under 1.5M. In the latest trading session, Splunk (SPLK) closed at 93.14, marking a -0.72 move from the previous day. Splunk ( NASDAQ: SPLK) shares rose more than 7% on Thursday, buoyed by investor optimism that the Federal Reserve will engineer a soft landing and investors continuing to buy stocks related to artificial intelligence. The average price target is 120.95 with a high estimate of 135 and a low. If you are good with personal finance and are looking to invest, you will find the Splunk on NASDAQ stock exchange.David Tran/iStock Editorial via Getty Images Based on analysts offering 12 month price targets for SPLK in the last 3 months. Splunk, a big data solutions provider, has seen. Always read up on optimal investment strategies if you are new to investing. After a 75 rally since March 23, Splunk stock (NASDAQ: SPLK) looks fully valued based on its historic Price to Sales (P/S) multiples. My valuation model shows that the intrinsic value for the stock is 148.54, but it is currently trading at US95.28 on. (SPLK) Stock Price Today, Quote & News Seeking Alpha Research as fast as the markets move. Shares of data analytics firm Splunk ( SPLK -2.23) sank 17 today as of 12:15 p.m. Why Splunk Stock Is Highly Volatile Today. Today 200 Day Moving Average is the resistance level (89.38 ). If that wasnt enough, Splunk increased its full-year outlook for revenue to 2.3 billion - up 50 million from its old target. Trading in bear markets is always harder so you might want to avoid these stocks if you are not a veteran. Great news for investors Splunk is still trading at a fairly cheap price. To date, analysts have a 119.53 target price for Splunk stock stock. It now expects revenue of approximately 2. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. Splunk also raised its outlook for the year. Our Ai stock analyst implies that there will be a negative trend in the future and the SPLK shares are not a good investment for making money. We are raising our fair value estimate for narrow-moat Splunk to 125 from 120 after the company kicked off fiscal 2024 with strong financial results ahead. Currency in USD 110.48 +6.32 (+6.07) At close: 04:00PM EDT 112.10 +1.62 (+1.47) Pre-Market: 08:23AM EDT Stock chart is not supported by. Currently there seems to be a trend where stocks in the Technology Information sector(s) have been popular in this period. According to present data Splunk's SPLK shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Recommendations: Buy or sell Splunk stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Splunk share forecasts, stock quote and buy / sell signals below. Real Estate and Housing Market Forecast.
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